You recently purchased a stock that is expected to earn 26 percent in a booming economy, 15 percent in a normal economy, and lose 4 percent in a recessionary economy. There is a 27 percent probability of a boom, a 63 percent chance of a normal economy, and a 10 percent chance of a recession. What is your expected rate of return on this stock?

	2.70 percent
	12.33 percent
	13.67 percent
	8.04 percent
	16.07 percent